Search BNamericas

Password Recovery

Email for your Account

You will get an email with the instructions on how to reset your password

We don’t seem to have an account link with that email address {0}. Please try again.If you need further assistance, please contact us at info@bnamericas.com or call us at +56 (2) 2941-0300 (business hours, Santiago de Chile time)

We don’t seem to have an account link with that email address {0}. Please try again.If you need further assistance, please contact us at info@bnamericas.com or call us at +56 (2) 2941-0300 (business hours, Santiago de Chile time)

Password Recovery

The instructions have been sent to your email box

Asset management in Insurance

RELATED ARTICLES

We found 406 results for Asset management in Insurancebrowse through our full index

Four players compete in Peru's private pension fund management market, but that number could be set to grow. Sector watchdog SBS has launched a tender to find a pension fund manager (AFP) to accept new workers joining the private...

Italian insurance giant Generali has its sights set on Mexico and Brazil as the firm enters a new expansion phase, according to its chief executive for international operations, Jaime Anchústegui. "We are analyzing possible...

Zurich Insurance Group has doubled its individual and group life businesses in Chile as a result of the purchase of local player EuroAmerica's operations in those two market segments. The Zurich subsidiary, Chilena Consolidada,...

Mauricio Zanatta was reelected president of Argentina's association of life insurers Avira. This was the third time association members have thrown their support behind Zanatta (pictured), who is also president and CEO of US...

Panamanian President Juan Carlos Varela said a bill that establishes new taxes to fund an increase in pensions should be analyzed in depth from a legal perspective. Lawmakers this month approved the draft legislation and sent it to ...

Total premiums written in Argentina continue to slide. Insurers wrote 34.25bn pesos (US$935mn) in premiums in August, down 13.1% year-on-year in real terms. Premiums slid 12.9% and 12.6% in July and June, respectively, according ...

Mexican consultancy KPMG Cardenas Dosal S.C. is a global network of firms that provide nationwide and international audit, tax and advisory services to corporations, public and private institutions, and non-profit organization from...

Chile could get a new private pension fund manager. Six private pension fund managers, or AFPs as they are known, currently operate in the country. Sector watchdog SP has given Mario Ignacio Álvarez Avendaño, formerly of Chile's ...

Chilean private pension fund manager AFP PlanVital said the loss of 19,644 members in August was no surprise and that the company was focusing on growing in the voluntary pension savings segment, local paper Diario Financiero reported....

P&C insurer Seguros Sura México said on Tuesday that Mexican insurance sector regulator CNSF authorized its purchase of the local life business belonging to Sura Asset Management (Sura AM) in effort to bolster operations in the...

Chile's pension watchdog SP is considering whether to allow private pension fund managers, or AFPs as they are known, to invest in stock options, local paper Diario Financiero reported. A final decision could be announced within...

The president of the Paraguayan stock exchange, Rodrigo Callizo, has urged lawmakers to approve a pension bill. The bill, rejected by senators in August, establishes a pension regulator in the country, Spanish news agency Efe...

In a deal that roughly doubles its assets under management in Mexico, BlackRock announced Monday the completion of its acquisition of Citibanamex Asset Management (Citi AM). The transaction involves the acquisition of Citi AM's...

Total debt in so-called frontier markets (FM) has increased by around US$230bn since 1Q17, surpassing US$2.8tn in this year's first quarter, according to the Institute of International Finance. "The rise has been sharpest in the...

The largest non-bank controlled insurance group in Brazil, SulAmérica, is stepping up its focus on the cosmetics and beauty market. Brazilian insurers saw a rise in net profits in January-July due mainly to a reduction in operating ...

BNamericas delivers on-the-ground insight and trusted business intelligence to companies and investors active in and entering Latin America. Identifying opportunities early on and connecting clients with decision-makers across 12 industries, BNamericas is the edge your company needs in Latin America.

Ask us a question

Methodology & Procedures

Definitions

Projects covered include state-owned and private projects in the Infrastructure, Electric Power, Oil & Gas (excluding upstream), Water and Waste, and Mining sectors.

Where applicable, a project is considered as such until the end of construction and ramp-up to full capacity (with the exception of mining projects, where the date of commissioning signifies the end of the project). Projects must have a:

Data

For state-owned projects, initial information about the start date and estimates for completion and investment are taken from original signed contracts, along with addendums and annexes.

If original contracts cannot be obtained, information is taken from public documents, presentations, news articles from BNamericas archives, and external sources.

In cases where contracts are subject to approval by legislators, the start date is the date of the law or legislative approval.

In the case of private projects, information is taken from public sources, such as stock exchange filings, annual reports, company presentations, third party research and press releases.

In judging the timing of investment decisions for private projects, great care was taken to differentiate between large projects receiving environmental approval and proceeding directly to construction, and smaller projects where the investment decision hinges on securing financing.

Best care is taken to ensure that recorded data is correct at the time of entry and that each entry is backed with a relevant source.

The greatest care possible was taken to ensure consistency of information in order make a like-for-like comparison in project costs. Insofar as the figures rely on disclosure by the organization or company responsible, the figures can be considered to be conservative in nature.

No attempt was made to adjust figures for inflation during the course of research or for consideration of the time value of money.

Validation

In the case of state-owned projects, validation is carried out where possible with either a member of the consortium, EPC contractor, a relevant state agency or advisors to either party.

Currency

Projects costs are measured in US dollars. Where project costs are measured in a local currency, amounts are converted to US dollars at the date of the relevant announcement, signature or report.

Severity of deviation from original estimates

The severity of deviation from original estimates is defined according to set criteria.

Timing

Status

Condition

Ahead of time

95% of original estimate or below (measured in months)

On time

95% to 105% of original estimate

Minor changes

105% to 120% of original estimate

Medium changes

120% to 160% of original estimate

Major changes

Over 160% of original estimate

Budget

Status

Condition

Ahead of budget

95% of original budget estimate or below

To budget

95% to 105% of original budget estimate

Minor changes

105% to 120% of original budget estimate

Medium changes

120% to 140% of original budget estimate

Major changes

Over 140% of original budget estimate

Changes in Scope

Changes in scope beyond the start date are not accounted for.

Language definitions

Where guidance is non-specific as to dates for completion, the following is used. Project to be completed by 2018 = December 31, 2017 Project to be completed in 2018 = December 31, 2018